United States
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Chinese banks now hold four of the top five spots in SNL Financial’s ranking of the world’s largest banks, while Europe’s global footprint is shrinking.
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Foreign exchange settlement firm CLS has teamed up with LCH.Clearnet’s ForexClear platform to develop a service that will enable physical settlement of cleared FX products.
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Increasing volatility correlation across different asset classes could be an early warning sign of a financial crisis, some investors and strategists have warned, even though options prices have yet to convey any panic.
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The Chicago Board Options Exchange has introduced 10 equity option strategy indices to the investment world, with intra-day valuation.
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UBS has taken over $7.5bn of orders for its latest AT1 offering, an impressive feat given the trade was Reg S only and was executed on the last Friday of July.
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European banks are being urged to use a wide open dollar market before the US Federal Reserve hikes rates later this year, with Royal Bank of Scotland and UBS already lining up dollar additional tier one trades, writes Tom Porter.
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A pair of North American financial names took advantage of strong demand for shorter dated floating rate Australian dollar paper this week.
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High-grade US dollar FIG issuance broke records for July as banks dominated the calendar.
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US Treasury markets weakened from Wednesday, continuing a pullback that preceded a Federal Open Market Committee announcement but with the yield curve flattening further on Thursday amid a mixed response to strong GDP data.
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RBS runs out of Myles — Barclays folds ABS into credit — Citi raids Deutsche for ECM — Deutsche reignites European derivs with index trader — UniCredit looks internally for HY — MBS litigation vet joins Carlton Fields — Macquarie MD heads to CommonBond
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Credit Suisse’s new CEO has signalled a commitment to the bank's corporate finance business. But he will need to invest in it, writes David Rothnie.
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Royal Bank of Scotland will begin a roadshow for a long awaited additional tier one (AT1) debut on Monday that will be dollar denominated and might feature multiple tranches.